Government Contract | Florida
Term Loan - Special Assessment 2016

Bid Information

Bid Alert No: 00000529925

Bid Title: Term Loan - Special Assessment 2016

Agency Bid No. Title: 160220

Received Date: 03/31/2016

Close Date: 04/11/2016

Purchase Type: Not Stated

Delivery Point: Lee County, Florida

Delivery Date: Not Stated


Specifications include, but are not limited to: The objective of this request for proposals (the RFP) is to identify the institution that canbest provide Lee County, Florida (the County) with a fixed rate, term loan program (theTerm Loan Program) at the lowest overall borrowing cost, pursuant to certain conditions.This Term Loan Program will be used to fund the acquisition and construction of variousimprovements within the boundaries of specified Municipal Services Benefit Units (the"MSBUs") within the County over the next two (2) years. Timing of specific loans have notbeen determined at this time but a list of proposed projects are detailed in this RFP for anestimated borrowing amount of $3,700,000.Each loan (a Term Loan) under the Term Loan Program, will be secured by non-advalorem special assessments (the "Assessments") levied against property owners withinthe particular MSBUs and collected by the County Tax Collector on the ad valorem tax billspursuant to the Uniform Assessment Collection Act. The Term Loan will be additionallysecured by the County's covenant to budget and appropriate other legally available non-advalorem revenues to make up deficiencies in the event that Assessment revenues areinsufficient to repay amounts due under the terms of the Term Loan.

Bid Related Documents

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Product Codes: 94654, 94625

Agency Information

Issuing Agency: County of Lee

State: Florida

Agency Type: State and Local

Contact: Lori DeLoach Lee County Contracts Management, 1500 Monroe Street, 4th Floor, Fort Myers, Florida, 33901

Phone: 239-533-5458




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